Prime Rental Investment Opportunity!
Unlock the potential of this four-unit rental property, perfect for investors looking to expand their portfolio. With three units currently leased on flexible month-to-month agreements, this property is an income-generating gem with room for improvement to maximize returns.
Key Features:
Multi-Unit Layout:
Apartment A: 1 bed, 1 bath; vintage furnace, 5-year-old water heater, front entry.
Apartment B: 1 bed, 1 bath; exclusive basement access, rear entry, water heater replaced 6-7 years ago.
Apartment C: 2 beds, 1 bath; located upstairs in the main building.
Apartment D: 1 bed, 1 bath; recently updated with a new roof and furnace in 2023, located above the garage.
Utilities:
Each unit has individual gas and electric meters, with tenants covering their own utilities.
Water costs are managed by the property owner.
Modernized electrical system with separate 100-amp panels for each unit.
Exterior & Maintenance:
Low-maintenance vinyl siding.
Garage lower section utilized for storing property maintenance tools and equipment.
Investment Highlights:
Income Potential: Opportunity to boost rental income by addressing property improvements.
Lease Details: Flexible month-to-month agreements with tenants responsible for gas, electric, and optional cable access.
Security: All tenants have paid the first month’s rent and security deposits.
Additional Insights:
Contact the listing agent for detailed financials and rental income data. With its solid structure, recent updates, and untapped potential, this property is a prime opportunity to enhance your investment portfolio.
No Touring of the Occupied Apartments without a purchase agreement. Serious inquiries only.